House for sale in Koln, Germany

Property Description This property is a semi-detached residential and commercial building with apartments, retail spaces, and office units. It spans 5 floors and has a basement with a usable area of 105 m² used as storage. The total usable areas are 503 m² and 112 m². Overall, there is 108 m² of living space and 722 m² of usable space. There is also a two-story annex with a basement. The reconstruction took place in 1951 up to the first floor, while the construction of the second to fourth floors was completed in 1969. A partial redesign of the facade was carried out in 2007. The heating system operates on a gas central heating system, which was renewed in 2011. Hot water is provided by a water heater. It is advisable to check the structural fire protection, especially concerning the elevator and the 2nd emergency exit. The rear entrance door of the residential building part can only be accessed through a property without a right of way. The common cellar and transformer room are only accessible through the cellar of the commercial unit. The energy condition of the building, as well as the facade and windows, largely still correspond to the year of construction, although some maintenance measures have been carried out. The overall structural condition can be considered satisfactory. Price Thoughts The property is listed at a price of 8,700,000.00 EUR and will be auctioned by the competent local court. There is a possibility to secure a 30% discount on the appraised value, bringing the cost down to 6,090,000.00 EUR. Additionally, there are no notary fees or agency commission required. This property is one of many interesting listings available in our monthly affordable real estate auction catalog. Contact us for more information to acquire your desired property at a discounted price.